Article Text
Millsboro Bank Receiver Named
BROWNSVILLE Pa May J W Emigh has been named receiver for the First National Bank Millsboro, which closed 10 days ago.
First National Bank (Millsboro, PA)
Episode Information
- Episode Type
- Suspension → Closure
- Start Date
- April 24, 1931
- Location
- Millsboro, Pennsylvania (39.987, -79.994)
- Bank Type
- national
- Charter Number
- 7310
Metadata
Receivership Details
- Depositor recovery rate
- 82.1%
- Date receivership started
- 1931-04-28
- Date receivership terminated
- 1936-09-25
- OCC cause of failure
- Economic conditions
- Share of assets assessed as good
- 41.1%
- Share of assets assessed as doubtful
- 57.4%
- Share of assets assessed as worthless
- 1.4%
Notes
Article reports the bank closed 10 days ago (approx. 1931-04-24) but government receivership date is 1931-04-28; using official receivership date for receivership event.
Events (4)
1.
June 21, 1904
Chartered
- Source
- historical_nic
2.
April 24, 1931
Suspension
- Cause
- Government Action
- Cause Details
- Bank closed (suspended payments) circa Apr 24, 1931 as reported in article.
- Newspaper Excerpt
- which closed 10 days ago.
- Source
- newspapers
3.
April 28, 1931
Receivership
- Newspaper Excerpt
- J W Emigh has been named receiver for the First National Bank Millsboro, which closed 10 days ago.
- Source
- newspapers
4.
April 28, 1931
Receivership
- Source
- historical_nic